User Account

All Pages

Calculate the budgeted sales price

Assignment Help Financial Accounting
Reference no: EM132543874

The Chair Division operates as a revenue centre and has the following relevant information for a period:

Sales price variance £1000 (U)

Sales volume variance £2000(F)

Net sales volume variance £1200(F)

Budgeted unit contribution margin per unit. £6

  • The actual selling price was £1 less than the budgeted selling price.

Required:

Question (a) Calculate the budgeted sales price.

Question (b) Calculate the actual sales price.

Question (c) Calculate actual unit sales.

Question (d) Calculate budget unit sales.

Question (e) When should a variance be investigated? Explain.

Reference no: EM132543874

Questions Cloud

What impact changes have on organization compensation plan : Contingent workers are assuming a greater role in today's organization. With that as a background, discuss compensation and benefit issues associated.
Light of the recent major economic changes : How might firms adjust their assumed required returns in light of the recent major economic changes? This is a conceptual question.
Graduating from medical school today : You are graduating from medical school today. You took out a $75,000 student loan at the beginning of each school year for the past four years.
Mentoring motivational video or TED Talk : Conduct research and locate a coaching or mentoring motivational video or TED Talk. What components of the video appealed to you?
Calculate the budgeted sales price : Calculate the budgeted sales price. Calculate the actual sales price. When should a variance be investigated? Explain. Calculate budget unit sales.
What is the effective annual rate : What is the effective annual rate if a bank charges you 7.64% compounded semiannually?
How much do you have to deposit today : If you are planning to deposit money in an account that earns 5%, how much do you have to deposit today?
How much do you have to deposit the account : You are considering using Bill Pay to pay your rent, which is $1,200 a month due at the beginning of each month starting today. You are going to put a lump
How many shares of preferred stock have been issued : What was the average price per share received by the corporation for its common stock? How many shares of preferred stock have been issued?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd